mspohr
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Europe Rolls Out Vision for a Carbonless Future, but Big Obstacles Loom Europe Rolls Out Vision for a Carbonless Future, but Big Obstacles Loom
The 12 legislative proposals presented on Wednesday are designed to reduce reliance on fossil fuels including coal, oil and natural gas; to expand the use of renewable-energy sources including solar, wind and hydro power to at least 38.5 percent of all energy by 2030; to force the faster development of electric cars with much tighter CO2 limits and hope to end the sale of all internal-combustion cars by 2035 (a target that some countries, like France, believe is too strict); and to support clean-energy options for aviation and shipping, which are prime polluters. For the first time, a carbon market will be established for road transportation and buildings.
One of the key proposals announced on Wednesday is a revision of Europe’s carbon market, known as the Emissions Trading Scheme, under which major carbon producers like steel, cement and power pay directly for their carbon emissions. Another central but contentious proposal is a carbon border-adjustment tax that will target goods produced outside the bloc, so that European companies bearing the cost of decarbonization are not disadvantaged by cheaper imports from companies that do not.
The 12 legislative proposals presented on Wednesday are designed to reduce reliance on fossil fuels including coal, oil and natural gas; to expand the use of renewable-energy sources including solar, wind and hydro power to at least 38.5 percent of all energy by 2030; to force the faster development of electric cars with much tighter CO2 limits and hope to end the sale of all internal-combustion cars by 2035 (a target that some countries, like France, believe is too strict); and to support clean-energy options for aviation and shipping, which are prime polluters. For the first time, a carbon market will be established for road transportation and buildings.
One of the key proposals announced on Wednesday is a revision of Europe’s carbon market, known as the Emissions Trading Scheme, under which major carbon producers like steel, cement and power pay directly for their carbon emissions. Another central but contentious proposal is a carbon border-adjustment tax that will target goods produced outside the bloc, so that European companies bearing the cost of decarbonization are not disadvantaged by cheaper imports from companies that do not.